Stealing

Stealing an asset from someone else is a crime.  Information is an asset.

“Firm Found Guilty of Tech Theft,” The Wall Street Journal, January 25, 2018 B2.  Chinese company bribes a vendor’s European employee to get software code.  The employee was convicted of the theft in Austria in 2011.  Only now is the company itself convicted in the US.

The cost of the theft was alleged to be $800 million.  The convicted company (which used to be the vendor’s major customer) faces fines of nearly $5 billion.

Is this just part of a trade war with China?

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Filed under Compliance, Controls, Corporation, Duty, Duty of Care, Employees, Governance, Information, Internal controls, Value

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